From chatbots to image generators, artificial intelligence (AI) is being used in so many aspects of life – including lending. We’ve seen some great opportunities from how AI can enhance the lending process. Being used within regulatory requirements has helped lenders keep up with new regulations, implementing advanced analytics in a way that increases equitable inclusion rather than further embedding disparities.
Using AI in Lending Today
Many financial institutions have adopted AI into their lending processes, using it for things like:
- Fraud detection & prevention
- Automated decisions
- Improving collections
- Managing portfolios
- Broadening possibilities in data sets
- Better credit risk assessment
See our infographic below to see how the Lending landscape is improving!
Why Storm2?
At Storm2, we know how important the right hire is, and we know Lending. We work with some of the most innovative companies worldwide. If you’re within the digital space and are looking to hire specialists to grow your team, we have specialized candidates ready for you to connect with. Get in touch with us!
